From GlobeNewswire: 2025-05-09 16:00:00

ContextLogic Inc. reported a net loss of $4 million for the first quarter of 2025, an improvement from $59 million in the same period last year. The company had $64 million in cash, $158 million in marketable securities, and $1 million in prepaid expenses as of March 31, 2025. ContextLogic is hosting a financial results conference call on May 9th at 5pm EDT.

Following a strategic investment from BC Partners, ContextLogic made key changes to its board of directors. The company had approximately $222 million in cash, cash equivalents, and marketable securities as of March 31, 2025. During the quarter, the company incurred $6 million in general and administrative expenses and used $5 million cash in operating activities.

ContextLogic’s CEO, Rishi Bajaj, stated that the company is well-positioned to pursue growth opportunities following the strategic investment. ContextLogic Inc. is a publicly traded company seeking to develop a new business and finance potential acquisitions. The company’s financial outlook and strategic alternatives are subject to risks and uncertainties, as outlined in their forward-looking statements. The company’s financial statements for the first quarter of 2025 show a net loss of $4 million.



Read more at GlobeNewswire:: ContextLogic Inc. Reports First-Quarter 2025 Financial